3 ASX 200 shares hitting new heights today

It’s been a fairly decent day of gains so far this Wednesday for the S&P/ASX 200 Index (ASX: XJO). At the time of writing, the ASX 200 has risen by a robust 0.28%, putting it just under 7,000 points.

But it has been even better for some ASX 200 shares today. Let’s discuss three that just hit new 52-week highs.

3 ASX 200 shares hitting new 52-week highs today

Insurance Australia Group Ltd (ASX: IAG)

ASX 200 insurance giant IAG is first up today. IAG shares have been firing on all cylinders in 2022. The company is up more than 13% this year, well outperforming the index. But IAG shares have had a cracker of a day today as well. In fact, the company hit a new 52-week high of $5.09 a share just before lunchtime.

There’s been no major news from the company today. However, IAG has been buying back its own shares with vigour in recent weeks, so perhaps this is helping to lift demand. Despite today’s new high, the IAG share price remains down by more than 36% over the past two years.

AMP Ltd (ASX: AMP)

ASX 200 financial services company AMP is next up today. AMP shares have also been enjoying some much-needed gains in recent weeks. This company is up close to 20% over the past month, which puts it at a pleasing year-to-date gain of 28% on today’s pricing.

It was only a few days ago that AMP was hitting new 52-week highs. But today, the company has given investors another one. AMP shares topped out at $1.28 this morning, the new high watermark. It seems investors might be changing their minds on this long-suffering company, perhaps thanks to its capital levels today.

Woodside Energy Group Ltd (ASX: WDS

ASX 200 oil giant Woodside is another share running hot this Wednesday. Energy shares have had a top year, thanks to the rising commodity prices that we’ve seen over 2022 thus far. Woodside is no different. Investors have enjoyed a rather extraordinary 66.2% return from the company over the year so far.

Today, the company adds to those gains with a new 52-week high. Woodside shares hit a high of $37.90 this morning, and remain up by 2.4% at $37.70 at present. Today’s gains seem to be a result of higher oil prices overnight.

The post 3 ASX 200 shares hitting new heights today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Insurance Australia Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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